TWITTER SHARES DOWN BY 9% IN PRE-MARKET TRADING AS USER BASE REMAIN UNCHANGED IN Q2
Twitter shares were down more than 9% in pre-market trading after the social company reported that its average monthly user base in the second quarter remained unchanged — at 328 million — from Q1.
In fact, in the U.S., Twitter’s monthly user base decreased by 2 million in the quarter, declining to an average of 68 million for Q2. The company cited “lower seasonal benefits and other factors” for the poor showing on the monthly user metrics.